Cobra 2011 Annual Report Download - page 10

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8
COBRA ELECTRONICS CORPORATION 
Consolidated Statements of Operations
(In thousands, except per share amounts)
Years Ended December 31
2011 2010 2009
Net sales $ 123,259 $ 110,520 $ 105,229
Cost of sales 87,162 80,911 79,105
Gross prot 36,097 29,609 26,124
Selling, general and administrative expense 31,351 28,047 30,066
Earnings (loss) from operations 4,746 1,562 (3,942 )
Interest expense (1,103 ) (1,564 ) (1,149 )
Other income (expense) (387 ) 954 1,331
Earnings (loss) before income taxes 3,256 952 (3,760 )
Tax provision (benet) 169 (380 ) 7,105
Net earnings (loss) 3,087 1,332 (10,865 )
Earnings attributable to non-controlling interest — — 2
Net earnings (loss) attributable to Cobra $ 3,087 $ 1,332 $ (10,867 )
Net earnings (loss) attributable to Cobra per common share:
Basic $ 0.47 $ 0.21 $ (1.68 )
Diluted $ 0.47 $ 0.21 $ (1.68 )
Weighted average shares outstanding:
Basic 6,526 6,471 6,471
Diluted 6,526 6,471 6,471
Dividends declared and paid per common share $ — $ — $ —